The total William Blair/PCO M&A Specialists Pest Index, a proprietary compilation of the monthly sales for 146 different U.S. pest control companies across 38 states, increased 10 percent year-over-year in May 2024, compared with 12 percent growth in April and 8 percent growth in March. The long-term historical growth rate of the total pest index is 11 percent.
“The pest index decelerated slightly in May, following a strong rebound in April,” said William Blair Equity Researcher Tim Mulrooney, noting the deceleration was primarily driven by a slowdown in the commercial pest and termite indices (residential remained steady at 12 percent growth). “Despite the modest deceleration in May, we still characterize the overall pest market as healthy, showing continued growth that is essentially in line with the long-term historical industry average.”
Dan Gordon, CPA, Pest Management Professional’s financial columnist and a partner in PCO Bookkeepers & M&A Specialists, added, “While we are seeing marketing costs rise, we are also seeing best-in-class companies pay the additional marketing costs in order to grow. As we move into the warmer months, we should see continued growth for the rest of the year.”
The month’s results by segment include:
- Residential Pest Index increased 12 percent year-over-year
- Commercial Pest Index increased 11 percent year-over-year
- Termite Index increased 6 percent year-over year
- Bed Bug Index increased 9 percent year-over-year
- Mosquito Index increased 9 percent year-over-year
About the William Blair/PCO Bookkeepers & M&A Specialists Pest Index
The William Blair/PCO Bookkeepers & M&A Specialists Pest Index tracks the monthly performance of 146 privately held pest control companies across 38 states with combined annual 2023 revenue of $515 million. The purpose of the report is to track the monthly performance of several different U.S. pest markets. It does not include residential door-to-door companies.
<p>The post Pest control industry sales decelerate in May, Pest Index shows first appeared on Pest Management Professional.</p>
from Pest Management Professional https://www.mypmp.net/2024/06/28/pest-control-industry-sales-decelerate-in-may-pest-index-shows/
Sacramento CA
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